XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.23.1

REVENUE AND CONTRACT ACQUISITION COSTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue Disaggregated by Types and Geography | The following table presents revenue disaggregated by types and geography (in millions):
| Three Months Ended March 31, |  |
U.S. | 2023 |  | 2022 |  |  |  |
Instruments and accessories | $ | 701.4 |  |  | $ | 550.6 |  |  |  |  |
Systems | 221.8 |  |  | 248.3 |  |  |  |  |
Services | 186.7 |  |  | 165.9 |  |  |  |  |
Total U.S. revenue | $ | 1,109.9 |  |  | $ | 964.8 |  |  |  |  |
Outside of U.S. (“OUS”) |  |  |  |  |  |  |
Instruments and accessories | $ | 284.2 |  |  | $ | 259.7 |  |  |  |  |
Systems | 205.6 |  |  | 179.8 |  |  |  |  |
Services | 96.5 |  |  | 83.4 |  |  |  |  |
Total OUS revenue | $ | 586.3 |  |  | $ | 522.9 |  |  |  |  |
Total |  |  |  |  |  |  |
Instruments and accessories | $ | 985.6 |  |  | $ | 810.3 |  |  |  |  |
Systems | 427.4 |  |  | 428.1 |  |  |  |  |
Services | 283.2 |  |  | 249.3 |  |  |  |  |
Total revenue | $ | 1,696.2 |  |  | $ | 1,487.7 |  |  |  |  |
Summary of Contract Assets and Liabilities | The following information summarizes the Company’s contract assets and liabilities (in millions):
| As of
| March 31, 2023 |  | December 31, 2022
Contract assets | $ | 49.4 |  |  | $ | 45.0 |
Deferred revenue | $ | 462.5 |  |  | $ | 438.3 |
Sales-type Lease Revenue | The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Sales-type lease revenue | $ | 23.0 |  |  | $ | 35.6 |  |  |  |  |
Operating lease revenue* | $ | 112.0 |  |  | $ | 83.2 |  |  |  |  |
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue | $ | 46.0 |  |  | $ | 24.9 |  |  |  |  |
Operating Lease Revenue | The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Sales-type lease revenue | $ | 23.0 |  |  | $ | 35.6 |  |  |  |  |
Operating lease revenue* | $ | 112.0 |  |  | $ | 83.2 |  |  |  |  |
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue | $ | 46.0 |  |  | $ | 24.9 |  |  |  |  |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from sales-type lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL77927221-108306 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 + Details
Name: | us-gaap_SalesTypeLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration